Scholz made a statement to the press before addressing the European Parliament (EP) General Assembly session in Strasbourg due to Europe Day.
Stating that they are evaluating the further development of the EU’s sanctions regime against Russia, Scholz said that there will be a continuation of the 11th sanctions package.
Reminding that sanctions require continuity and they are working on it, Scholz said, “The next sanctions package (11th) will not be the last.”
The European Commission announced yesterday that the 11th sanctions package proposal against Russia was sent to the member states, focusing on the implementation, effectiveness and prevention of the penetration of the sanctions.
At this stage, the new sanctions package is expected to be discussed at the Permanent Representatives Committee (COREPER) of the member states in the Council of the EU on Wednesday.
The EU’s new sanctions package proposal leaked to the press, including some Chinese companies, on the grounds that it supplied Russia with equipment that can be used for military purposes.
The EU has implemented 10 sanctions packages against Russia so far.
In this framework, a wide range of restrictions were applied to Russia on trade, finance, energy including oil and coal, industry, technology, transportation, dual-use and luxury goods, and gold. The assets of over a thousand people and nearly 200 institutions were frozen.